The CLARITY Act Just Cleared the Senate Banking Committee

[mendez]

The Digital Asset Market Clarity Act advanced through the US Senate Banking Committee on Thursday in a 15 to 9 vote, with all 13 Republican members joined by Democrats Ruben Gallego and Angela Alsobrooks voting to move the bill forward. Nine Democrats voted against. The markup session involved more than 100 proposed amendments covering stablecoin yield, ethics restrictions, AI sandboxes, money laundering provisions, and crypto mixer regulation, the majority of which were decided along strict party lines. Committee chair Tim Scott framed the bill as focused on consumer protection, keeping crypto innovation in the United States, and safeguarding national security around digital assets. The bill has now cleared both the Senate Banking and Agriculture Committees — the two panels responsible for addressing SEC and CFTC jurisdiction respectively — and is expected to head to a Senate floor vote where it will need 60 votes to pass before moving to the House.Solana Policy Institute President Kristin Smith told Cointelegraph that securing Senate floor time is the primary remaining obstacle, but expressed confidence that if the bill reaches a floor vote with sufficient support, the House would likely pass the identical language to send it directly to the president's desk.

The White House has signaled a July 4 target for signing, which implies a June Senate vote and rapid House action in the weeks that follow. With Polymarket traders currently pricing a 73% probability of the CLARITY Act being signed into law in 2026, the Thursday markup represents the most concrete legislative progress the bill has achieved since its House passage in July 2025 — and the first real signal that the 60-vote Senate threshold may be achievable if additional Democratic support can be secured before a floor vote.

[bonk]

73% Polymarket odds after markup, prediction markets updating in real time

[chainsniff]

Floor time is the obstacle now, not votes